KF vs. FIMKX
KF (The Korea Fund Inc) and FIMKX (Fidelity Advisor Focused Emerging Markets Fund Class I) are both Emerging Markets Equities funds. Over the past 10 years, KF returned 16.63%/yr vs 13.36%/yr for FIMKX. A 0.72 correlation means they provide meaningful diversification when combined. KF charges 0.01%/yr vs 1.03%/yr for FIMKX.
Performance
KF vs. FIMKX - Performance Comparison
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Returns By Period
In the year-to-date period, KF achieves a 94.44% return, which is significantly higher than FIMKX's 31.36% return. Over the past 10 years, KF has outperformed FIMKX with an annualized return of 16.63%, while FIMKX has yielded a comparatively lower 13.36% annualized return.
KF
- 1D
- -11.46%
- 1M
- 6.90%
- YTD
- 94.44%
- 6M
- 99.44%
- 1Y
- 176.02%
- 3Y*
- 46.53%
- 5Y*
- 18.29%
- 10Y*
- 16.63%
FIMKX
- 1D
- -0.09%
- 1M
- 6.34%
- YTD
- 31.36%
- 6M
- 32.55%
- 1Y
- 64.18%
- 3Y*
- 28.00%
- 5Y*
- 9.70%
- 10Y*
- 13.36%
KF vs. FIMKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KF The Korea Fund Inc | 94.44% | 99.36% | -19.29% | 12.34% | -30.02% | 8.44% | 37.14% | 6.83% | -19.26% | 42.50% |
FIMKX Fidelity Advisor Focused Emerging Markets Fund Class I | 31.36% | 40.06% | 9.31% | 8.44% | -19.82% | -2.63% | 30.43% | 29.75% | -18.06% | 46.67% |
Correlation
The correlation between KF and FIMKX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2004 | 0.72 |
The correlation between KF and FIMKX has been stable across timeframes, ranging from 0.67 to 0.72 - a consistent structural relationship.
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Return for Risk
KF vs. FIMKX — Risk / Return Rank
KF
FIMKX
KF vs. FIMKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Korea Fund Inc (KF) and Fidelity Advisor Focused Emerging Markets Fund Class I (FIMKX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KF | FIMKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.60 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 6.97 | 4.73 | +2.24 |
| Martin ratioReturn relative to average drawdown | 24.90 | 18.18 | +6.72 |
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Drawdowns
KF vs. FIMKX - Drawdown Comparison
The maximum KF drawdown since its inception was -85.25%, which is greater than FIMKX's maximum drawdown of -69.98%. Use the drawdown chart below to compare losses from any high point for KF and FIMKX.
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Drawdown Indicators
| KF | FIMKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.25% | -69.98% | -15.27% |
Max Drawdown (1Y)Largest decline over 1 year | -25.42% | -13.72% | -11.70% |
Max Drawdown (3Y)Largest decline over 3 years | -28.04% | -18.75% | -9.29% |
Max Drawdown (5Y)Largest decline over 5 years | -47.62% | -39.53% | -8.09% |
Max Drawdown (10Y)Largest decline over 10 years | -52.91% | -41.85% | -11.06% |
Current DrawdownCurrent decline from peak | -11.78% | -1.78% | -10.00% |
Average DrawdownAverage peak-to-trough decline | -37.85% | -19.82% | -18.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.10% | 3.56% | +3.54% |
Volatility
KF vs. FIMKX - Volatility Comparison
The Korea Fund Inc (KF) has a higher volatility of 26.65% compared to Fidelity Advisor Focused Emerging Markets Fund Class I (FIMKX) at 10.57%. This indicates that KF's price experiences larger fluctuations and is considered to be riskier than FIMKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KF | FIMKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.65% | 10.57% | +16.08% |
Volatility (6M)Calculated over the trailing 6-month period | 42.61% | 17.91% | +24.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.95% | 20.06% | +25.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.23% | 19.34% | +9.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.82% | 19.01% | +7.81% |
KF vs. FIMKX - Expense Ratio Comparison
KF has a 0.02% expense ratio, which is lower than FIMKX's 1.03% expense ratio.
Dividends
KF vs. FIMKX - Dividend Comparison
KF's dividend yield for the trailing twelve months is around 0.62%, less than FIMKX's 1.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIMKX Fidelity Advisor Focused Emerging Markets Fund Class I | 1.20% | 1.57% | 1.20% | 1.60% | 1.14% | 5.19% | 2.09% | 10.86% | 0.61% | 0.10% | 0.45% | 0.19% |
KF The Korea Fund Inc | 0.62% | 1.20% | 2.46% | 0.00% | 15.93% | 26.50% | 1.30% | 0.24% | 18.67% | 9.75% | 1.03% | 13.66% |
Frequently Asked Questions
KF and FIMKX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KF has higher volatility (26.65%) compared to FIMKX (10.57%). In terms of maximum drawdown, KF dropped -85.25% vs FIMKX's -69.98%.
KF currently has the higher Sharpe Ratio (3.85 vs 3.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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